If you listened to the mainstream financial news networks, you would be forgiven for thinking that a softening economy, higher inflation, and rising interest rates had crushed the consumer and that spending was on the verge of a titanic plunge. But if that’s all true why is Visa down by a small single digit percentage for the year while the S&P 500 is down almost 3x as much?
» Read more about: Is This Buffett Favorite A Screaming Buy? »
Trivia: What AdTech platform grew by 41.2% during 2021?
Ding, ding, ding! The answer is #3, Alphabet, Google’s parent.
The growth rate seems truly astonishing and here’s why. It’s one thing for a small up-and-coming company to grow revenues by north of 40% annually.
» Read more about: Forecast: 1 Year Target Price For Google »
When Cathie Wood forecast that Tesla would rise to within spitting distance of becoming a trillion dollar company, its market cap was just 6% of that target. In 2018, the prediction seemed outlandish yet just 3 years later Tesla had reached a market capitalization of $1.2 trillion.
Now Cathie is out with another similarly wild prediction: Roku will rise by more than 9x and hit $605 by 2026.
» Read more about: Cathie Is Betting This Stock Can Pop 9x »
It’s no secret that Cathie Wood’s collection of ARK funds have had a horrendous 2022. Her ARKK flagship fund was down 53% year-to-date at the time of writing and traded in the mid-$30s as recently as June, down from a high of almost $100 per share at the start of the year.
But there’s light at the end of the tunnel for growth investors.
» Read more about: 2 Cathie Wood Bargains (with HUGE Upside) »
» Read more about: 3 Passive Income Energy Stocks To Buy Now »
» Read more about: How Warren Buffett Makes $4 Billion a Year in Dividends »
Few things beat buying a stock in an industry that is growing rapidly. Even a so-so company can prosper when the tailwinds of sector expansion are behind it. But the opportunities are much greater when you can spot a great stock in a fast-growing area.
Right now, cybersecurity is a booming industry. Research shows that the total cybersecurity market is expected to reach over $360 billion within the next 7 years,
» Read more about: 2 Cybersecurity Stocks To Own For 7 Years »
Competition is fierce in the cannabis industry. The Canadian market in particular has a litany of producers and sellers. The consequence of almost 1,000 licensed players elbowing each other for market share has been margin compression for most and losses for many.
As smaller producers creep into the market and steal market share inch by inch,
Apple remains in the top spot in Berkshire Hathaway’s portfolio commanding a 42% share, but Warren Buffett has bet 11% of his vast coffers on a single bank stock. To be precise, 11.45 % of his stock portfolio is allocated to Bank of America. What is it that the Oracle of Omaha sees in this bank that makes this bank so special?
» Read more about: 1 MAJOR Reason Buffett Is All In On This Bank Stock »
In theory nothing changes when a stock split occurs but in reality more buyers can afford to scoop up shares and so prices often rise when demand increases. As a result, stock splits are often viewed as bullish signs, even though theoretically nothing in the company’s fundamentals have changed.
Recently, Alphabet split its shares 20:1 from over $2,200 per share to closer to $110 per share.
» Read more about: The Next BIG Stock Split After Alphabet Is… »
